Kaplan to create adviser tools using AI

Kaplan Professional has announced it acquired an artificial intelligence company in an effort to create new tools for financial advisers amid a changing environment.

ifa reported last month that Kaplan and RegTech company Red Marker created Artemis, a tool that is intended to help advisers and licensees identify and remediate compliance risks associated with the promotion of financial products or services.

In a new announcement yesterday, Kaplan said it has now acquired Red Marker.

Kaplan Australia and New Zealand managing director Rob Regan said the acquisition would enable Kaplan to broaden its compliance solutions to the financial services sector through artificial intelligence.

“We are investing in real-time learning with the aim of further equipping advisers with the tools they need to maximise their success in a rapidly changing landscape,” he said.

“By enabling advisers to confidently embrace compliance, it will allow them to continually increase their knowledge in a reportable manner.

“Adding Red Marker to the Kaplan portfolio will accelerate the development of personalised and adaptive learning engines in the financial services sector.”

Red Marker principals and staff will continue with the business, the statement said.

Red Marker managing director Matt Symons said, “Our clients are really enthusiastic about Artemis. It shows real-time training delivered when learners need it most is the future of professional education in Australia and around the world.

“Kaplan has been an incredible partner for Red Marker and this acquisition is another step in our joint mission to help financial services firms reduce risk and improve education outcomes.”